The latest plan to save horse racing in New Jersey
TRENTON – The latest plan to save horse racing in New Jersey is on Gov. Phil Murphy’s desk awaiting action: Change the way people wager so it feels more like sports betting.
Since the 1930s, horse bets have relied on pari-mutuel wagering – in which the odds and payoffs are determined after the entire pool of bets is collected. A bet placed when a horse appears to have 5:1 odds could shrink to 2:1 by race time.
A bill unanimously approved by lawmakers last month would introduce fixed-odds wagering – in which odds are locked in when a person buys their ticket. Both types of wagers would be offered.
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Monmouth commissioners want part of marijuana legislation repealed
Monmouth commissioners want part of marijuana legislation repealed
The Monmouth County Board of County Commissioners is calling on state officials to repeal legislation that became law less than a month ago.
Specifically, the county’s governing body wants S-3454, which was passed in the state Assembly and Senate and signed into law by Gov. Phil Murphy, to come off the books.
The new law was a topic of discussion and action during the March 11 meeting of the county commissioners. The meeting was conducted in a remote manner during the ongoing coronavirus pandemic.